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Wednesday, February 27, 2013

Sequester Cuts 2013

Just two months ago President Obama and the Congressional Republicans were fighting each other on the fiscal cliff.  Now they are back at it again with the next phase of the fiscal cliff, the sequester budget cuts that will take effect March 1.  Billions of dollars and many jobs are ready to be cut.


President Obama currently has the upper hand with the public's approval.  However, he shares some of the blame for allowing these sequester cuts to grow to the current situation.  When Obama settled the fiscal cliff in early January, he was mostly there but fell short in generating enough tax revenue.  The top tier making over $400K were taxed at their expected levels, but the second tier making between $200K to $400K were mostly spared.  Obama also weakened his stance against the Republicans protecting the rich by being shortchanged with the dividend, capital gains, and inheritance taxes.

So we still have some remnants of the failed Bush economic policies that greatly cut taxes for the rich, drove up our deficits, and destroyed the economy.  As a result, Obama is finding out the hard away again that when you don't take a stance against failed policies, you will reap what you sow.

I gave Obama a grade of B- for handling the fiscal cliff crisis, and sadly that is what his legacy as President of the United States will become in the history books.  He's doing a satisfactory job, but still weak, mediocre, and incomplete.  He made a grave mistake in his first term to become the clone of Bush, instead of showing leadership and fixing Bush's failures.  Now all he has left is his second and final term, and Obama will need to show more leadership than this to get closer to an A.

3 Comments:

  • I don't depend on the government for anything and to the contrary, the only give and take between me and the government is me giving and it taking.

    So sequester, cut, slash away.

    By Anonymous Anonymous, at 12:25 PM  

  • @ Anomumous You greedy white people dont care for nobody but you own My kid school cant afford the free lunch program. How they eat lunch when that go? Thank god Obama will help us.

    By Anonymous Anonymous, at 1:06 PM  

  • are the two above remarks as an example of parody?

    By Anonymous hello?, at 9:31 PM  

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